Correct Answer - Option 1 : Envelop ∶ 3
Concept:
Basically, there are two types of enveloping tendering processes that you are aware of
1. Three Envelop System
2. Two Envelop System
Three envelop System:
In this case, the bidder is asked to submit the documents as below:
Envelope I
|
Document related to eligibility criteria
|
Envelope II
|
Technical bid
|
Envelope III
|
Financial bid
|
- The envelopes are opened in sequence, which means first, second, and then third.
- Envelop 2 will be opened to only those bidders who meet the qualification criteria. At this stage technical offer of all the Eligible bidders is opened. The bidders who offer the most viable and technologically superior technical solution are declared. All successful bidders at this stage are now asked to modify their financial bids if required, as the technical specification has changed.
- Envelope 3 will be opened of only those successful bidders at stage 2. And the contract is awarded to the most economical bidder
Two Envelop System:
- A short explanation of the Two Envelop System is given below.
- In this process technical specifications are pre-determined.
- Two things namely are measure:
1. Eligibility criterion of the bidders
2. The financial offer needs to be evaluated. Initially, the envelop one containing the eligibility criterion is opened first and the financial proposal of only those who meet the qualification criterion is opened. And the tender is awarded to the most economical bidder.